Sweden: Electroplating Machine Market 2024

Electroplating Machine Market Size in Sweden

The Swedish electroplating machine market expanded significantly to $X in 2021, picking up by 11% against the previous year. In general, consumption, however, faced a abrupt descent. Electroplating machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in Sweden

In value terms, electroplating machine production contracted remarkably to $X in 2021 estimated in export price. In general, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 72%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Electroplating Machine Exports

Exports from Sweden

In 2021, exports of machines for electroplating, electrolysis or electrophoresis from Sweden surged to X units, picking up by 189% on the previous year. Over the period under review, exports enjoyed a resilient increase. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, electroplating machine exports surged to $X in 2021. Overall, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X units) was the main destination for electroplating machine exports from Sweden, with a 80% share of total exports. Moreover, electroplating machine exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. Lithuania (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+49.1% per year) and Lithuania (+14.8% per year).

In value terms, the largest markets for electroplating machine exported from Sweden were Norway ($X), Lithuania ($X) and Denmark ($X), with a combined 75% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +70.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electroplating machine export price amounted to $X per unit, waning by -16.2% against the previous year. In general, the export price, however, recorded a notable increase. The pace of growth was the most pronounced in 2017 an increase of 756% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Sweden

In 2021, overseas purchases of machines for electroplating, electrolysis or electrophoresis were finally on the rise to reach X units after two years of decline. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 301% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, electroplating machine imports skyrocketed to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 166%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, France (X units) constituted the largest supplier of electroplating machine to Sweden, accounting for a 50% share of total imports. Moreover, electroplating machine imports from France exceeded the figures recorded by the second-largest supplier, Norway (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+69.7% per year) and Italy (+1.4% per year).

In value terms, the largest electroplating machine suppliers to Sweden were France ($X), Germany ($X) and Norway ($X), together accounting for 57% of total imports. Italy, China, the UK, the Netherlands, Hong Kong SAR, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

China, with a CAGR of +69.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, waning by -29% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 115%. As a result, import price attained the peak level of $X per unit, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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